Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

BusinessFor-Hire

Strike Unlikely at ABF Freight After Deal With Teamsters

The ArcBest Corp. subsidiary ABF Freight System has reached a tentative agreement with the Teamsters National Freight Industry Negotiating Committee, the company announced June 7.

June 8, 2023
BusinessEquipment

May Class 8 Orders Show Year-Over-Year Rebound

North American Class 8 orders in May reversed the trend of year-over-year declines by increasing to 15,500 units, ACT Research reported.

June 8, 2023
BusinessSafetyLogisticsTop 100

Nearshoring Raises Cargo Theft Concerns

The increasing interest in nearshoring poses unique security considerations, including a higher likelihood of cargo thefts.

June 8, 2023
BusinessTechnologyFuel

EV Sales Are Soaring as Oil Use Is About to Peak

The share of electric vehicles in sales of new passenger vehicles is set to more than double globally in the next few years — to 30% in 2026.

June 8, 2023
BusinessTechnology

Dismal Sales Undercut Carmakers Pushing Hydrogen Fuel Cells

Toyota Motor Corp. and Hyundai Motor Co. have put their weight behind hydrogen fuel-cell vehicles, but dismal sales in 2022 suggest customers remain extremely wary.

June 8, 2023
GovernmentBusiness

Congressional Funding Leaders Eye Fiscal 2024 Bills

Moving on from monthslong negotiations over the nation’s debt ceiling, congressional leaders are turning their attention to the annual budget process on Capitol Hill.

June 7, 2023
GovernmentBusinessLogistics

West Coast Ports See Disruption as Labor Talks Drag On

Tensions between the Pacific Maritime Association and the International Longshore and Warehouse Union are heating up as periodic, unannounced work stoppages occur at several ports.

June 7, 2023
GovernmentBusinessSafetyTCA

North Carolina School Gets $1.7 Million to Expand CDL Program

A $1.7 million federal grant to help Guilford Technical Community College in Jamestown, N.C., expand its truck driver training program will be matched with $2.6 million in state funds.

June 7, 2023
BusinessEquipment

Penske Automotive Group Buys Winnipeg Truck Retailer

Penske Automotive Group on June 5 acquired Transolutions Truck Centres, a Canadian retailer of medium- and heavy-duty commercial trucks and buses.

June 7, 2023
BusinessEquipment

HTI Acquires U.S. Trailer Parts & Supply

Hinton Transportation Investments Inc. (HTI) acquired Chicago-based U.S. Trailer Parts & Supply Inc., a distributor of heavy-duty trailer parts, it said June 6.

June 7, 2023